Q4 25 EPS
$0.40
Q4 25 Revenue
$251.0M
vs S&P Since Q4 25
+166.1%
BEATING MARKET
SMTC +194.2% vs S&P +28.0%
Full Year 2025 Results
FY 25 EPS
$0.88
FY 25 Revenue
$909.3M
Market Reaction
Did SMTC Beat Earnings? Q4 2025 Results
Semtech closed out fiscal year 2025 on a note of genuine recovery, posting Q4 revenue of $251.00 million, up 6% sequentially and well ahead of the $192.90 million reported in the year-ago quarter, while non-GAAP diluted EPS came in at $0.40. The most… Read more Semtech closed out fiscal year 2025 on a note of genuine recovery, posting Q4 revenue of $251.00 million, up 6% sequentially and well ahead of the $192.90 million reported in the year-ago quarter, while non-GAAP diluted EPS came in at $0.40. The most compelling part of the story was the balance sheet transformation: total long-term debt fell from $1.37 billion to $505.90 million, a 68% reduction in net debt year-over-year that CFO Mark Lin flagged as a defining achievement of the fiscal year. That deleveraging, though it came at the cost of a $144.70 million debt extinguishment loss during FY25, helped stockholders' equity swing from a deficit of $307.40 million to a positive $542.40 million. GAAP net income reached $39.10 million, a sharp reversal from the $642.40 million loss in Q4 FY24, which had been burdened by massive goodwill and intangible impairments. Looking ahead, Semtech guided Q1 FY26 revenue of $250.00 million and non-GAAP diluted EPS of $0.37, with management focused on portfolio simplification, strategic R&D investment, and continued margin expansion.
Key Takeaways
- • Sequential improvement in net sales, gross margin, operating margin, and EPS each quarter of FY25
- • Significant debt reduction with net debt decreasing 68% year-over-year
- • GAAP gross margin expansion to 52.0% in Q4, up from negative 0.2% in Q4 FY24
- • Non-GAAP adjusted EBITDA margin expanded to 23.0% in Q4 from 12.5% in Q4 FY24
- • Free cash flow turned positive at $30.9 million in Q4 vs $12.2 million in Q4 FY24
SMTC YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SMTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fiscal year 2025 represented a year of positive inflection on many fronts, with sequential improvement for each quarter reported in net sales, gross margin, operating margin and earnings per share.”
— Hong Hou, Q4 2025 Earnings Press Release
SMTC Earnings Trends
SMTC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SMTC EPS Trend
Earnings per share: estimate vs actual
SMTC Revenue Trend
Quarterly revenue: estimate vs actual
SMTC Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | $0.44 | — | $274.4M | — |
| FY Full Year | — | $1.71 | — | $1.05B | — |
| Q3 26 BEAT | $0.45 | $0.48 | +7.87% | $267.0M | +0.22% |
| Q2 26 BEAT | $0.40 | $0.41 | +2.17% | $257.6M | +0.60% |
| Q1 26 | — | $0.38 | — | $251.1M | — |
| Q4 25 FY | — | $0.40 | — | $251.0M | — |
| FY Full Year | — | $0.88 | — | $909.3M | — |